There will be no investment portfolio update today because the TSX closed today's session at 17,543.43 points, -80.45. Nothing dramatic, but nothing that worth a portfolio update. In case of need, this one is awesome and mark my highest net value ever! Of course, I want to continue on the right curve. I keep my eyes all open, watching what's going on with the TSX. In 2020, 3iQ launched three funds related to the cryptoasset world. The latest 3iQ's fund is by far the most interesting one, is The Ether Fund (QETH.U).
Ether (ETH) is a digital currency designed to be used primarily within the Ethereum applications. At first, you could believe that Ether is similar to Bitcoin, but it's not the same thing. Ether and Bitcoin share similarities, but through Ethereum, blockchains exist to do more. Ether (ETH) evolves in a completely different financial system, in a system that is dependant. The Ether Fund (QETH.U) trades on the TSX, which is open Monday through Friday from 9:30 am to 4:00 pm Eastern Time. Regarding the Ether (ETH) trading hours, it's a bit different.
Ether (ETH) can be bought or sold at any time of the day. It made ETH trading quite convenient. Other cryptocurrencies, like Bitcoin, not to name it, and Ripple (XRP). With its around-the-clock trading, cryptocurrency is a world of its own that reveals to be quite different from the stock market. The cryptocurrency world seems to be more liberal than the stock market. At this time - and I don't think that will ever change - I don't feel comfortable buying cryptocurrencies, especially not Bitcoin (BTC). However, different funds, like Bitcoin Fund The Class A units (QBTC), The Bitcoin Fund (QBTC.U), and The Ether Fund (QETH.U) that trades under the legislation of the TSX gives investors like me the opportunity to get involved in a promising sector.
The reason why I never got any interest in cryptocurrency is because of Bitcoins. In my opinion, Bitcoins are a shit currency that is used by hackers around the world as a preferred method of payment. Around the world, ransomware victims are under one obligation. They need to pay their hackers in Bitcoins to have access to what they have lost. Such madness is being actively promoted by Bitcoin who's doing absolutely nothing to stop such crimes. For me, Bitcoin only means hacking and pain. Bitcoins had been around since 2009, but no one knows for sure the identity of the founders. Bitcoin's founder is known to be Satoshi Nakamoto, but there's no one standing behind that name. Satoshi Nakamoto is only a nickname. Maybe Bitcoin had been created by hackers. No one can know for sure. Some evil hackers would have created Bitcoin as a secure payment method for their illegal activities. The fact that no individual is standing behind Bitcoin is quite frightening to me. That's a problem we don't have when it comes to Ether (ETH).
The founders of Ethereum are Vitalik Buterin and Gavin Wood. From my understanding, Gavin Wood is no longer involved in Ethereum. Vitalik Buterin was born in Russia. He immigrates with his family in Ontario, he even went to the University of Waterloo, but soon drop-out to concentrate on his activities with Ethereum. Listening to interviews that been giving by Vitalik Buterin is interesting. I am far from being a specialist in cryptocurrency, but when Buterin talks about Ethereum and Ether (ETH), I get what he means. His speech is crystal clear. Vitalik Buterin is so smart and amazing. Check it out for yourself:
If I ever buy crypto in my life, it will be in some Ether coins. But for now, I prefer to invest in Ether through The Ether Fund (QETH.U). QETH.U is a recent new comer on the TSX. Today alone, The Ether Fund gains +16.916%. Those great gains are quite appealing.
go crypto go
ReplyDeleteHave you made an investment yet in qeth.u?
ReplyDeleteYes, I did invest in The Ether Fund (QETH.U) :-)
ReplyDeleteI am going to edit a post about it in the next hour or so.